Philippines Government Introduces Offshore Online Gambling Rules

[i-man]

Hey Guys, Read On The New Philippines Gambling Rules Here

What is your take on these rules?

The one that strike me is "Under the new regulations, operators are prohibited from serving citizens of the Philippine Islands, no matter where they reside".

Now! why would i want to be license in a jurisdiction where i can't offer the people my products or services?

 

[LandofOz]

How do the fees for an online casino license in the Philippines compare to the fees charged in jurisdictions such as UK, Gibraltar, Alderney, Costa Rica, etc ?

 

[Moonlight Cat]

How do the fees for an online casino license in the Philippines compare to the fees charged in jurisdictions such as UK, Gibraltar, Alderney, Costa Rica, etc ?

Maybe i mistake, but as i read Year=$40,000+2% GrossRevenue

 

[Moonlight Cat]

Hey Guys, Read On The New Philippines Gambling Rules Here

What is your take on these rules?

The one that strike me is "Under the new regulations, operators are prohibited from serving citizens of the Philippine Islands, no matter where they reside".

Now! why would i want to be license in a jurisdiction where i can't offer the people my products or services?

Nothing new. As i know, this rule is always exsist. Online Casinos based on Philippines targeting on China and South-East Asia countries like Thailand, Malasya e.t.c. This is very big and profitable market. I think more biggest and profitable than USA market. But very spesific.

 

[AussieDave]

Maybe i mistake, but as i read Year=$40,000+2% GrossRevenue

Incorrect...

Right: "operators can shell out $50,000 for an e-casino application and $40,000 for a sports betting application. If the application is approved, the operator must then pony up another $150,000 for an actual e-casino license or $200,000 for a sports betting license."

 

[i-man]

Right: "operators can shell out $50,000 for an e-casino application and $40,000 for a sports betting application. If the application is approved, the operator must then pony up another $150,000 for an actual e-casino license or $200,000 for a sports betting license."

Yep... and on top of that, you have tax to pay but you can't accept wager from their citizens.

 

[Moonlight Cat]

Yep... and on top of that, you have tax to pay but you can't accept wager from their citizens.

Anyway, some of Philippines lisensed casinos make more money than most US-targeting casinos.